Current Affairs Global - 28 February 2014

1. Ukraine's parliament has approved Arseniy Yatsenyuk as the country's new prime minister after a voting was held on 28th February amid the sharp rise in tensions. He got 317 votes in favor out of total 450 votes. He has previously served as the economy minister and foreign minister, and a speaker of parliament.


2. The US economy grew at a much slower rate in last quarter of 203 than earlier predicted.  US gross domestic product (GDP) grew at an annualised rate of 2.4% in the fourth quarter of 2013 compared to an initial estimate of 3.2%, as per the US Commerce Department. The dowanward revision was due to weaker than expected consumer spending which has nearly 70% weight in overall US economic activity.